Week Two of BDC earnings season was also the second week of a rally in prices. We investigate the strange dynamics of BDC market pricing, both this week and historically.
The second week of BDC earnings season did not go as well as the first week. Several BDCs reported disturbing developments worth looking into, which we do.
The BDC Reporter provides running commentary to TPG Specialty’s third quarter 2018 Conference Call transcript. This is Part I of II. Here we cover prepared remarks. Next: the Q&A.
Monroe Capital’s management on their latest Conference Call make a surprise admission about one of their portfolio companies and raises a host of credit questions.
The BDC Reporter adds analysis to the just published Capitala Finance Conference Call transcript, hot off the word processor.
In a press release, Gladstone Investment announces a loan repayment and equity gain. We provide a host of additional details about the transaction and it’s likely impact and review longer term trends at the BDC.
BDC Fixed Income hangs in there. However, developments at Gladstone Capital and elsewhere foretell changes to come.
The BDC Sector bounces back after 5 weeks of decline. Just a head fake on the way to new record lows or the beginning of a new rally ?
The BDC Reporter provides news, views and analysis to the just published Fidus Investment earnings transcript, trying out a new format for our readers.
At Hercules Capital everything old is new again, with a major asset securitization at a favorable rate. A useful example of what might lie ahead elsewhere in a debt hungry BDC sector.
The BDC Reporter discusses highlights from Apollo Investment’s latest reporting.
Oxford Square is first up in BDC earnings season and the BDC Reporter has the time to take a close look at the results and the outlook for this higher risk-higher return BDC with a chequered past.
The BDC Reporter takes a sneak peek at the week ahead for the BDC sector in what is yet another new feature, and available to all readers.
While BDC common stocks and all the main markets were in the grips of a major pull-back during the week, BDC Fixed Income had the quietest of weeks.
As goes the major indices, so goes the BDC sector. This week, the general markets headed sharply south…We discuss where the BDC sector using both short term and long term lenses; and looking both backwards and forwards.
An SEC filing fills in some – but not all – the details of a major insider sale which has caused a huge stock price drop. Not the last in a series.
Not surprisingly KCAP Financial redeems one of its two Baby Bonds. We review the redemption details and discuss what the BDC might do next.
A large number of Great Elm Corporation shares switch hands, and the stock drops to a record low. The BDC Reporter saw it all coming, but is still surprised.
A market melt-down is bringing more BDC stocks to 52 week lows. We name names and – on the fly – discuss risk and opportunity in a fast changing price environment.